Natural Gas Prices React to Weather and Demand Forecasts
TL;DR Summary
Natural gas futures surged in early trading on Monday as weather models showed hotter temperatures in the southern US by mid-June, strengthening the cooling demand outlook for the second half of the month. Lackluster cooling demand to open the month has left the market impatient for the arrival of more robust heat over key regions. However, updated forecasts as of early Monday suggested more impressive summer heat was finally on its way.
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